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Transparency and Accountability of Financial Management in Pesantren (Islamic Education Institution)

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Financial management of pesantren is not so complicated, because pesantren are self-financing institutions that do not require financial accountability which are too complicated to be reported to the funder. However, the amount of funds coming from community to fund activities at pesantren, it should be reported or give a simple explanation according to the principles of public financial management. This study discusses about transparency and accountability of financial management in pesantren that this research is rarely done. The specific objective is to describe and analyze financial management and draw conclusions from the facts of the weaknesses found, and to provide recommendations. This study uses primary data, which is distributing questionnaires to all employees. Samples were selected using purposive sampling with the criteria are pesantren leaders, the head of sub-section, teachers, accounting and finance staff involved in the preparation of budgets and financial statements amounted to 116 respondents. Results from this study is the application of the principle of transparency has been done with the use of the budget documentation and easy to obtain information via the website, but it is not yet standardized when preparing financial statements. Accountability of pesantren explained that its financial statements are presented periodically by the owners. Suggestions that pesantren should make a routine of budget operations at the beginning of each year, pesantren leaders can improve the quality of financial statements using the appropriate accounting standards, and more attention to human resource development in the field of accounting by providing training.
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Keywords: Accountability; Financial Management; Pesantren; Transparency

Document Type: Research Article

Affiliations: 1: Department of Accounting, Faculty of Economics, Universitas Negeri Jakarta, Indonesia 2: Department of Economics and Administration, Faculty of Economics, Universitas Negeri Jakarta, Indonesia

Publication date: November 1, 2017

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